Author: News Room

Dow Jones climbs on Monday ahead of Fed’s Wednesday rate call. Equities shrug off declining June rate cut bets. Update to Fed’s Dot Plot and US PMI figures also due this week. The Dow Jones Industrial Average (DJIA) climbed on Monday as investors returned to risk bids to kick off a hectic central bank-themed trading week. US equities are rising across the board and the major indices are getting bolstered by a surge in telecomms. The Federal Reserve’s (Fed) latest rate call is slated for Wednesday, and an update to the Fed’s Dot Plot of interest rate expectations will draw…

The Polkadot Blockchain Academy (PBA) has announced an exciting addition to its educational offerings: PBA Remote. This new initiative will offer a fully remote learning experience for a select group of students in the upcoming cohort. Scheduled from May 20th to June 20th, 2024, PBA Remote aims to break geographical barriers in blockchain education by allowing students to participate in lectures synchronously through livestream from the comfort of their own homes. ✨ We are excited to announce the launch of PBA Remote as part of the upcoming cohort in Singapore! This pilot initiative will open up new horizons in blockchain…

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Markets bounce : Stocks kicked off the new trading week on a higher note, driven by strength in the mega-cap tech stocks ahead of Nvidia ‘s GTC conference and reports that Apple may partner up with Alphabet to bring the Gemini AI model to the iPhone. The report is easing concerns…

Former Trump White House adviser Peter Navarro – if he can’t get a last-minute reprieve from the Supreme Court – hopes to spend his next few months working in air conditioning and sleeping in a dormitory for “elderly” male inmates at a prison next to a zoo. On Tuesday, Navarro, 74, is set to become the first former White House official ever jailed for contempt of Congress. He is due to report to a minimum-security federal Bureau of Prisons satellite camp in Miami on Tuesday morning. “Not only can you hear the lions … you can hear the lions roar…

Another Monday, another week sprawled out before us. We had a very snowy weekend. A very chilly St. Patrick’s Day. I’m ready and then some for summertime. I keep trying to keep the winter blues at bay—OrangeTheory HIIT workouts, hot yoga, hikes in the soggy forest—but every since COVID I’ve had much more intense seasonal depression. Oh well! I’m not complaining. Life is good. My brain is just the way it is. And we have Wordle, for which I am always thankful. Let’s do today’s, shall we? How To Solve Today’s Wordle The Hint: Not just any wheat. The Clue:…

DirecTV is offering a discount for customers who opt out of local programming.Shifting some primetime entertainment to streaming services has made local stations less attractive, DirecTV said.DirecTV recently resolved a dispute with Cox Media Group, which owns several local stations. DirecTV’s latest deal for customers? Cutting local channels.The satellite television provider on Sunday announced a package allowing customers to “opt out” of local stations. Those who choose the “No Locals” package will receive around $12 off of their bills each month, DirecTV said.The company said the new tier also allows customers to drop the stations during “non-peak programming months,” like…

House Speaker Mike Johnson can’t stop Republicans from trying to kick their colleagues out of Congress.Per CNN, at least four races feature GOP lawmakers supporting challengers to GOP incumbents.Even some centrist lawmakers are throwing into the chaos. House Republicans still can’t get out of their own way.Speaker Mike Johnson is leading one of the narrowest majorities in history. Understandably, Johnson is trying to grow his majority in November. His efforts to do this are undermined by a conservative push to boot more centrist colleagues from office, though even the more establishment lawmakers are striking back.”I’ve asked them all to cool…

By Promit Mukherjee OTTAWA (Reuters) – Canada’s federal budget, due next month, is likely to allocate billions of dollars for investing in building homes and low cost housing programs, Housing Minister Sean Fraser said on Monday. Canada faces a housing affordability crisis as a rapidly increasing immigrant population has far outpaced the number of available homes. Stubbornly high inflation and interest rates at their highest in 22 years have also driven up rent and mortgage costs. “I don’t want to necessarily preview what’s going to be revealed in the upcoming federal budget, but there needs to be very substantial investments…

Joseph R. Nerges, a significant shareholder of CSP Inc (NASDAQ:CSPI), recently acquired additional shares of the company’s stock, according to the latest filings with the Securities and Exchange Commission. The transactions, which occurred over two days, added a substantial number of shares to Nerges’ holdings, reflecting a vote of confidence in the technology services firm. The insider purchases were made at prices ranging from $38.50 to $40.50 per share, totaling an investment of over $32,000. On March 14, 2024, Nerges bought 200 shares at $40.50 each. The following day, he continued to increase his stake with purchases of 300 shares…

Trouble and turmoil continue at rental car company Hertz. The company, which announced in January it was selling 20,000 of the electric vehicles in its fleet, or about a third of the EVs it owned, is now replacing the CEO who helped build up that fleet, giving it the company’s fifth boss in just four years. The company announced that Stephen Scherr, who came to the company two years ago after nearly 30 years at Goldman Sachs, is stepping down at the end of this month. He’ll be replaced by Gil West, former chief operating officer of Delta Air Lines and General Motor’s Cruise…